HR434 Compensation Management

for F2T 2010

Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.Career Counseling - The Career Development Center (CDC) provides services for all stages of career development. The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.FAQ's for Online Students - You might find the answer to your questions here.

Course Description: HR 434 Compensation Management: A study of compensation theories, policies, systems and practices with emphasis on the design of effective compensation programs. The course views compensation basically from the employers point of view. 3:0:3. Prerequisite: AC202 and HR 353

Educational Philosophy: The facilitator's educational philosophy is one of interactiveness based on lectures, discussions, readings, and internet research. The facilitator will encourage exploring ideas through course exercises and self study.

Learning Outcomes:Core Learning Outcomes

Identify three key processes and systems in the compensation management field.

Describe three current, Compensation Management issues

Identify the differences between direct and indirect compensation and define each of the direct and indirect forms of compensation described in the text.

Apply the Key Steps to Formulate a Total Compensation Strategy.

Identify the dimensions that comprise a pay structure and factors that influence the structure.

Explain the differences between job-based, knowledge-based and competency-based pay structure.

Identify and describe the continuing influences of government on compensation practices.

Describe the Fair Labor Standard Act and its impact on compensation management administration.

Define and identify the differences between direct and indirect compensation.

Identify and explain short term incentives and long term incentives and the importance of each in a compensation strategy.

Explain and describe the importance of the 5 steps (Perform a job analysisi, write job descriptions, evaluate jobs, design and perform a pay survey, develop a pay structure) in how organizations determine the base pay for workers in all types of jobs.

Briefly explain the Sarnanes-Oxley Act and its impact on executive compensation management.

Describe various kinds of pay-for-performance programs and the situations in which such programs may be perferable.

Compare strenghts, weakness, and opportunities for various kinds of performance appraisal programs.

Recognize differences in compensation opportunites for employees in different jobs and at different levels in the organization.

Proctored final examination/Project - If the course requires a proctored final, the information below should be included. If the course is a graduate course and doesn't require a proctored final, the developer should include a detailed description of the projects activities, requirements, and due dates.

A final proctored examination will be taken in a proctored testing environment during the 8th (or 16th) week at one of the Park University sites around the country or at an alternative location. For proctored examinations, photo identification is required at the time of the test. Guidelines for selecting an acceptable proctor can be found on the Park University Website.

Other Information on proctored exams:

It will be the responsibility of the student to arrange for a proctor, by the 6th week of the term, who is accepted and approved by the course instructor.

Approval of proctors is the discretion of the Online instructor.

A proctor request form will be made available to you during the first week of class so that you can send your requested proctor to your instructor for approval.

Failure to take a final proctored exam (or submit your final project for some online graduate courses) will result in an automatic "F" grade.

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:

Submission of Late Work: If late, 10% will be deducted per day until the assignment is turned in. If not turned in within four days from the due date, a grade of an "F" will be assigned.

Classroom Rules of Conduct:

Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of the Park University academic honesty policies, which can be found on page 101 of the Park University Undergraduate Catalog or page 13 of the Park University Graduate Catalog.

Definitions

Academic dishonesty includes committing or the attempt to commit cheating, plagiarism, falsifying academic records, and other acts intentionally designed to provide unfair advantage to the students.

Cheating includes, but is not limited to, intentionally giving or receiving unauthorized aid or notes on examinations, papers, laboratory reports, exercises, projects, or class assignments which are intended to be individually completed. Cheating also includes the unauthorized copying of tests or any other deceit or fraud related to the student's academic conduct.

Plagiarism involves the use of quotation without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignments (any portion of such) prepared by another person, or incorrect paraphrasing.

Falsifying academic recordsincludes, but is not limited to, altering grades or other academic records.

Other acts that constitute academic dishonesty include:

Stealing, manipulating, or interfering with an academic work of another student or faculty member.

Collusion with other students on work to be completed by one student.

Lying to or deceiving a faculty member.

Procedure

In the event of alleged academic dishonesty, an Academic Dishonesty Incident Report will be submitted to an Online Academic Director who will then investigate the charge. Students who engage in academic dishonesty are subject to a range of disciplinary actions, from a failing grade on the assignment or activity in question to expulsion from ParkUniversity. ParkUniversity's academic honesty policy and related procedures can be found in full in the 2004-2005 Park University Undergraduate

Course Topic/Dates/Assignments:

Week 1:

Readings:

Read Chapters 1, 2 and 3

ClassActivities: Answering discussion questions.

Week 2:

Readings:

Read Chapters 4,5, and 6

Class Activities:Answer discussion questions and case analysis.

Week 3:

Readings:

Chapter 7,8, and 9

Class Activities:Answer discussion questions.

Week 4:

Readings:

Chapters 10 and 11

Class Activities: Answer discusssion questions and open book exam

Week 5:

Readings

Chapter 12, 13, and 14

Class Activities: Answer discussion questions and case analysis

Week 7

Readings

Read Chapters 17 and 18

Class Activities: Answer discussion questions and open book exam.

Week 8:

Final exam over learning objectives chapter 1-18

Academic Honesty:Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2010-2011 Undergraduate Catalog Page 92

Plagiarism:Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. from Park University 2010-2011 Undergraduate Catalog Page 92-93

The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.

Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.

In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".

A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.

Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.

Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

Disability Guidelines:Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Rubric

Competency

Exceeds Expectation (3)

Meets Expectation (2)

Does Not Meet Expectation (1)

No Evidence (0)

Synthesis Outcomes1 - Examine the current state of compensation decision making.

Explains the current state of compensation decision and. recommend at least three ways to deal with the issues, and supports the recommendations by referring to specific theories and concepts.

Explains the issues surrounding the organization and recommends at least two ways to deal with the issues.

Provides an incomplete or inaccurate analysis and/or less than two alternative solutions.

No answer or insignificant explanation

Analysis Outcomes2 - Articulate the implications of recent theoretical and research developments related to compensation decisions

Provides an explanation of the implications of recent theoretical and research developments related to compensation decisions.

Provides a minimal explanation of the implications of recent theoretical or the research developments related to compensation decisions

Provides an incomplete or inaccurate explanation of the implications of recent theoretical or the research developments related to compensation decisions

No answer or insignificant explanation

Evaluation Outcomes2, 10, 21 - Describe the difference between direct and indirect compensation and define each of the direct and indirect forms of compensation described

Submits a very complete, thorough articulation and description of the difference between direct and indirect compensation and define each of the direct and indirect forms of compensation described by the text.

Articulates the difference between direct and indirect compensation or defines a minimum of the direct and indirect forms of compensation described by the text.

Provides an incomplete or inaccurate articulation of the difference between direct and indirect compensation or defines one of the direct and indirect forms of compensation described by the text

No answer or insignificant explanation

Terminology Outcomes1, 25 - Explain the application of “The Pay Model” as presented in the text.

Provides an accurate and complete presentation of the application of “The Pay Model” as presented in the text.

Provides a partial description of the application of “The Pay Model” as presented in the text.

Provide an incomplete or inaccurate description the application of “The Pay Model” as presented in the text